Brazil CS 2018/19 Sugar Output To Plunge 17 Pct As Mills Opt For Ethanol -JOB

Image Credits: The Express Tribune

NEW YORK, May 7 (Reuters) – Brazilian consultancy JOB Economia forecast at an industry event on Monday during New York “Sugar Week”:

* Brazil center-south sugar output will total 30 million tonnes in the current 2018/19 harvest, vs 36.1 million tonnes in the previous year

* Brazil center-south ethanol production seen at 28 billion liters, vs 26.09 billion liters in 2017/18

* On the demand side, Brazil’s domestic use of ethanol will jump while exports of sugar will be “timid,” according to prepared remarks from JOB Economia Chief Executive Officer Julio Borges (Reporting by Chris Prentice, Editing by Rosalba O’Brien)